Japan Posts Trade Surplus in June

Japan posted a merchandise trade surplus of 61.7 billion yen in June, as lower oil prices contributed to the first drop in imports since December 2009.

It was the first surplus in four months, with the exports of vehicles and auto part increasing.

Exports contracted 2.3 percent on year to 5.643 trillion yen.

Exports to all of Asia shed 4.4 percent on year to 3.101 trillion yen, while exports to China alone dropped an annual 7.3 percent to 1.031 trillion yen.

Exports to the United States surged 15.1 percent on year to 989.305 billion yen, while exports to the European Union plummeted an annual 21.3 percent to 519.361 billion yen.

Imports contracted an annual 2.2 percent to 5.582 trillion yen, falling for the first time in 30 months.

Imports from Asia fell 2.5 percent on year to 2.509 trillion yen, while imports from China alone declined an annual 4.5 percent to 1.159 trillion yen.

Imports from the United States were down 3.5 percent on year to 495.208 billion yen, while imports from the European Union shed 3.4 percent to 523.214 billion yen.

TradingEconomics.com, Japan Finance Ministry7/25/2012 2:40:29 PM

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